Skip to Content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View More
US Dollar Remains in a Strong Position versus the Japanese Yen

US Dollar Remains in a Strong Position versus the Japanese Yen

David Rodriguez, Head of Product

NEW: View Real-Time SSI Updates via the FXCM Trading Station Desktop

USDJPY –Retail FX traders continue to hold USD-long positions against the Japanese Yen, and this would normally act as contrarian signal that USD/JPY could decline. Yet the crowd has remained mostly net-long as the USD/JPY traded above ¥120 at the end of 2014. In short: our normal contrarian view of crowd sentiment doesn’t seem to apply to the Japanese Yen.

Total retail volume highlights ¥123.50 as a major support level as overall momentum favors continued Yen weakness (USDJPY gains).

See next currency section: AUDUSD - Australian Dollar Forecast Firmly in Favor of Weakness

Written by David Rodriguez, Quantitative Strategist for

To receive the Speculative Sentiment Index and other reports from this author via e-mail, sign up for his distribution list via this link.

Contact David via

Twitter at

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.